This is an early contender for the worst piece of financial advice of the year. My advice…..do exactly the opposite.
The financial press
Whether you decide to be a “passive” investor, and put all your money in index funds, or you choose to be an “active” investor, and trade the market, you should know where to get your information from.
Apart from reading company annual reports, and Australian Securities Exchange announcements, the financial press is a great way of getting on top of things.
As far as the mainstream media is concerned, the ABC (yes, I am biased) provides a great source of business news, as does Yahoo7 Finance. If you want to read press that’s written for market participants, I recommend reading articles from Bloomberg, CNBC and the Financial Times.
Getting yourself on a few “broker recommendations” email lists is also a great way to keep abreast of what’s going on.
More here – Yahoo Finance